Business

Petrojam refinery
September 25, 2026

Jamaica holds US$45m owed to Venezuela in frozen account

Jamaica has built up US$45 million (J$7.2b) in PetroCaribe payments owed to Venezuela, an amount that’s grown more than 16-fold over two years. The money sits in a segregated account at the Bank of Jamaica (BOJ) because United States sanctions bar the Government from paying Caracas, according to a filing with the US Securities and Exchange Commission (SEC).

Read more
Executive Chairman of Sandals Resorts International, Adam Stewart.
25 Sep, 2026 0

Sandals to earn about US$600m a year, Royal Caribbean deal implies

Royal Caribbean Group’s agreement to buy half of Sandals Resorts International implies the Jamaican hotel chain will earn roughly US$600 million a year in earnings before interest, tax, depreciation…
Windalco plant
25 Sep, 2026 0

Rusal seeks buyers for Windalco as it pulls back from the Caribbean

Russia’s largest aluminium producer, UC Rusal, has started looking for buyers for its Windalco alumina complex in Jamaica and its bauxite operations in Guyana, US-based Bloomberg News reported, citing…
Cedric Stephens
25 Sep, 2026 0

Cedric E. Stephens | Hurricane Melissa and the ‘endurance economy’ – The recovery we are enduring

In a recent series of articles, Professor C. Justin Robinson, pro-vice-chancellor and principal of The University of the West Indies Five Islands Campus, introduced the concept of the ‘endurance…
AP Sam Altman at the UN on September 23.
25 Sep, 2026 0

Tech leaders to UN: For the sake of humanity, please control the AI technology we created

The heads of major artificial intelligence (AI) firms pleaded with the United Nations on Wednesday to save the world or at least its people — by somehow regulating the fast-expanding technology that…
AP Meta CEO Mark Zuckerberg speaks during the Meta Connect conference on Wednesday, September 23 in Menio Park, California, USA.
25 Sep, 2026 0

Meta bets big on wearable AI as Zuckerberg pushes back against AI doom

Meta is going all in on a consumer-friendly AI agent and pushing forward with AI-powered wearable devices during a moment in the industry when its CEO Mark Zuckerberg acknowledged it is a “wild time…
APIn this photo provided by Kyrgyzstan’s Presidential Press Office, United Nations Secretary-General Antonio Guterres (left) and Kyrgyz President Sadyr Zhaparov shake hands during their meeting on the sidelines of the Shanghai Cooperation Organization S
25 Sep, 2026 0

UN chief urges global AI cooperation, says world can’t afford ‘race to the bottom on AI safety’

The United Nations chief urged global competitors in artificial intelligence (AI) on Wednesday to cooperate in addressing threats from the technology, warning that “the world cannot afford a race to…
Melania Trump (third left)
24 Sep, 2026 0

Melania Trump rings New York Stock Exchange opening bell to launch new women’s initiative, Imperia

Melania Trump rang the opening bell at the New York Stock Exchange (NYSE) on Wednesday to promote her new initiative to help women become leaders and achieve economic power. It’s called Imperia, and…
Jamaica Broilers Group offices in Old Harbour, St Catherine.
23 Sep, 2026 0

JBG forensic sweep finds no new irregularities amid $6.8b loss

Jamaica Broilers Group (JBG) said it conducted a forensic review of its electronic communications and found no accounting irregularities beyond those already disclosed, the poultry group said in…
CHEN
23 Sep, 2026 0

Broke by month-end: Cash crunch drives look at fortnightly pay

Jamaican employers and trade unions are split over whether to move the country’s monthly paid workers onto fortnightly pay, a change that would lift nobody’s salary but would halve the wait between…